First Bank of Nigeria PLC Recruitment : Chief Executive

The FIRST BANK in association with the SANLAM GROUP seeks to recruit focused, result-oriented and suitably qualified professional to fill the position of Managing Director/ Chief Executive Officer in its insurance subsidiary. The Chief Executive will run the First Bank / Sanlam Life Insurance Joint Venture Company and will also be ultimately responsible for establishing and running a related Non-life Insurance Joint Venture company. Reporting to the Boars, the successful candidate will serve as the principal strategy and business development executive of the company and will have ultimate P&L responsibility. He/she will be responsible for developing, implementing and managing short, medium and long-term strategies that will ensure the continued growth and profitability of the company. Specifically, the candidate will:  • Champion the formulation of the company's corporate strategies and ensure implementation • Serve as a key brand icon for the company, creating a niche for it in the insurance sector and consistently reinforcing and promoting the corporate brand value and identity. • Lead the overall business development efforts (including deal sourcing and origination) to ensure the realization of the company's expansion and growth aspirations . • Develop and maintain relationships with key stakeholders and the development of relevant strategic alliances  • Drive the development of annual operating plans including business plans, operational requirements, staffing and budgets to ensure business continuity • Take full ownership of the company's financial performance and provide periodic update on it to the Board. QUALIFICATIONS, EXPERIENCE AND ATTRIBUTES • A good first degree in any field of study from a reputable tertiary institution. An MBA or any other higher degree will be an added advantage • Professional qualification(s) in insurance (e.g. ACII) • Minimum of fifteen years post-qualification experience, including 5 years experience in the insurance industry and at least 5 years experience at executive management level. Exceptional executives with relevant experience from other industries may be considered • Excellent relationship management and strategic networking skills at the highest level in the private and public sectors  • Strong understanding of the application of risk management in the context of insurance business • Sound knowledge of regional and global trends in the insurance industry as well as an understanding of the key macroeconomics drivers • Excellent communication and interpersonal skills  • Excellent leadership, negotiation, marketing, planning and organization skills HOW TO APPLY Please quote ES00540 as the subject of your e-mail and send your current CV (prepared as a word document, and saved with your full names), a statement of how you meet our selected criteria, and the names and contact details (including telephone and e-mail addresses) of three referees who are knowledgeable about your professional achievements and abilities to us at recruitment@ng.kpmg.com not later than August 24, 2010. All applications will be treated in confidence. Only short-listed candidates will be contacted